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Home » US Law » 2022 West Virginia Code » Chapter 31D. West Virginia Business Corporation Act » Article 14. Dissolution » §31D-14-1402. Dissolution by Board of Directors and Shareholders

(a) A corporation's board of directors may propose dissolution for submission to the shareholders.

(b) For a proposal to dissolve to be adopted:

(1) The board of directors must recommend dissolution to the shareholders unless the board of directors determines that because of conflict of interest or other special circumstances it should make no recommendation and communicates the basis for its determination to the shareholders; and